Synovus Financial Corp Purchases 643 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Synovus Financial Corp increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 92.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,336 shares of the business services provider’s stock after acquiring an additional 643 shares during the quarter. Synovus Financial Corp’s holdings in FactSet Research Systems were worth $614,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its position in shares of FactSet Research Systems by 1.1% in the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after acquiring an additional 1,260 shares during the period. Jensen Investment Management Inc. lifted its position in FactSet Research Systems by 11.6% during the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after purchasing an additional 1,250 shares during the last quarter. Geode Capital Management LLC lifted its position in FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in FactSet Research Systems by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider’s stock valued at $41,367,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in FactSet Research Systems by 29.4% during the third quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock valued at $5,588,000 after purchasing an additional 2,764 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. The trade was a 18.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. UBS Group lifted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $451.85.

FactSet Research Systems Stock Up 0.2 %

Shares of NYSE FDS opened at $488.75 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The firm’s fifty day moving average is $475.85 and its 200 day moving average is $441.69. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the previous year, the firm earned $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.